{
  "crd_number": 2748,
  "slug": "means-wealth-management-bangor-me-2748",
  "primary_business_name": "MEANS WEALTH MANAGEMENT",
  "legal_name": "MEANS INVESTMENT CO., INC.",
  "dbas": [],
  "city": "Bangor",
  "state": "ME",
  "country": "United States",
  "cbsa_code": "12620",
  "metro": {
    "cbsa_code": "12620",
    "common_name": "Bangor",
    "msa_name": "Bangor, ME",
    "path": "/advisors/me/bangor"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2015-02-19",
  "years_registered": 11,
  "period": "2026-10-01",
  "filing_date": "2026-09-14",
  "carried_forward": false,
  "raum_total": 1594606299.0,
  "raum_discretionary": 1417050432.0,
  "raum_non_discretionary": 177555867.0,
  "raum_band": "1b_5b",
  "raum_band_label": "$1 billion to $5 billion",
  "total_employees": 24,
  "advisory_employees": 15,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "charitable": {
      "raum": 43402844.0,
      "count": 16
    },
    "individuals": {
      "raum": 320842823.0,
      "count": 908
    },
    "state_municipal": {
      "raum": 915771.0,
      "count": 3,
      "fewer_than_5": true
    },
    "pension_profit_sharing": {
      "raum": 107938669.0,
      "count": 20
    },
    "high_net_worth_individuals": {
      "raum": 1090418257.0,
      "count": 394
    },
    "corporations_other_businesses": {
      "raum": 31087935.0,
      "count": 34
    }
  },
  "compensation_types": [
    "hourly",
    "other",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "educational_seminars",
    "financial_planning",
    "other",
    "pension_consulting",
    "periodicals_newsletters",
    "portfolio_management_individuals",
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CA",
    "FL",
    "GA",
    "LA",
    "MA",
    "ME",
    "NC",
    "NH",
    "NY",
    "SC",
    "TX",
    "VA",
    "WA"
  ],
  "websites": [
    "https://facebook.com/MEANSWEALTHMANAGEMENT",
    "https://linkedin.com/company/means-wealth-management",
    "https://meanswealth.com",
    "https://youtube.com/user/meanswealthmanagemen"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/2748",
  "city_as_filed": "BANGOR",
  "url": "https://advisorcensus.com/firm/means-wealth-management-bangor-me-2748",
  "display_name": "Means Wealth Management",
  "summary": "Means Wealth Management is an SEC-registered investment advisory firm in Bangor, ME, registered since 2015, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated September 14, 2026.",
  "citation": "AdvisorCensus. Means Wealth Management (CRD 2748): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Hourly charges",
    "Other"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for pooled investment vehicles (other than investment companies)",
    "Pension consulting services",
    "Publication of periodicals or newsletters",
    "Educational seminars/workshops",
    "Other"
  ],
  "quick_answers": [
    {
      "q": "How is Means Wealth Management compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Means Wealth Management reports these compensation arrangements: a percentage of assets under its management; hourly charges; other. The amounts are in Item 5 of its Form ADV Part 2A brochure."
    },
    {
      "q": "Where is Means Wealth Management located?",
      "a": "Means Wealth Management's principal office is in Bangor, ME, according to its Form ADV; the October 2026 filing also lists 3 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Means Wealth Management registered with the SEC or a state?",
      "a": "Means Wealth Management is an SEC-registered investment advisory firm, registered since 2015. Status as filed: Approved. CRD 2748."
    },
    {
      "q": "How much does Means Wealth Management manage?",
      "a": "Means Wealth Management reports $1,594,606,299 in regulatory assets under management in its Form ADV filing dated September 14, 2026 (89% discretionary)."
    },
    {
      "q": "How have Means Wealth Management's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Means Wealth Management: Regulatory assets under management: $673,861,958 in the October 2021 data and $1,594,606,299 in the October 2026 data, up 137%. Total employees: 14 in October 2021 and 24 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Means Wealth Management serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (908); high net worth individuals (394); corporations or other businesses not listed above (34)."
    },
    {
      "q": "Which custodians does Means Wealth Management use?",
      "a": "Means Wealth Management's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Fidelity Brokerage Services LLC as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Means Wealth Management report any disciplinary disclosures?",
      "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/2748"
    },
    {
      "q": "What changed in Means Wealth Management's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Employees performing advisory functions went from 13 to 15. Regulatory assets under management went from $1,306,705,211 to $1,594,606,299 (+22%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 673861958.0,
      "total_employees": 14,
      "filing_date": "2021-10-01"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 860271260.0,
      "total_employees": 18,
      "filing_date": "2022-09-16"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 743799162.0,
      "total_employees": 19,
      "filing_date": "2023-09-26"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 976990954.0,
      "total_employees": 21,
      "filing_date": "2024-09-26"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 1306705211.0,
      "total_employees": 22,
      "filing_date": "2025-05-01"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 1594606299.0,
      "total_employees": 24,
      "filing_date": "2026-09-14"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 13 to 15.",
        "Regulatory assets under management went from $1,306,705,211 to $1,594,606,299 (+22%)."
      ]
    },
    {
      "period": "2025-12-01",
      "period_label": "December 2025",
      "notes": [
        "Registered or notice-filed in LA."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "Fidelity Brokerage Services LLC",
      "name_as_filed": "FIDELITY BROKERAGE SERVICES LLC",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/means-wealth-management-bangor-me-2748.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 908,
      "fewer_than_5": false,
      "raum": 320842823.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 394,
      "fewer_than_5": false,
      "raum": 1090418257.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 20,
      "fewer_than_5": false,
      "raum": 107938669.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 16,
      "fewer_than_5": false,
      "raum": 43402844.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 3,
      "fewer_than_5": true,
      "raum": 915771.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 34,
      "fewer_than_5": false,
      "raum": 31087935.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/2748",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}